Russians opt for euro over dollar

RUSSIA - Russians are buying more euros than dollars for the first time since the new European currency became available, according to the central bank.

The swing may signal the weakening grip in Russia of the US currency which has dominated the economy for most of the past decade. It comes after a 15% fall of the dollar against the euro this year.

Imports of euros by Russian banks had doubled year on year in June and July, said the bank.

Over $700m-worth of euros were imported in July, compar

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: